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Biotech / Medical : Agouron Pharmaceuticals (AGPH)

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To: Izzy who wrote (4774)7/7/1998 10:41:00 AM
From: Bhag Karamchandani  Read Replies (1) of 6136
 
Izzy: I am sorry, if the issues I raise are disconcerting. If and when I take a position in AGPH ( my resources are very limited) I will let you know.I have said that AGPH was undervalued at $35. However,my actions will not be based on price alone. But rather on favorable PIII trial results, at the very least.

At one point Karen Firestone (?) who manages Fidelity Biotech Fund considered AGPH as having the technology platform and a promising pipeline to produce one or may be two drugs each year or two. The question to ask AGPH management is: what happened to all this promise. Instead, all AGPH has done is to announce strategic moves - in the short run they have not helped AGPH shareholders.That does not mean they are not the right ones to make.
Having said all this, not even for a moment, do I seriously believe that what I say (or for that matter others say )on this thread has any impact on the final scheme of things. I do sincerely wish you all good luck.
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